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TransferWise announced that the new multi-currency account it initially introduced to businesses last year will be rolled out to consumers in the first quarter of 2018. The borderless accounts enable users to hold and convert up to 28 currencies at the real exchange rate; get bank details instantly from the U.K., E.U., Australia, and the U.S.; Read more…
Here’s a little-known fact about wealth tech player Wealthfront— the company debuted as KaChing in 2009, then changed its name and relaunched in 2011 as Wealthfront. Another fact about Wealthfront– the California-based company raised $75 million this week. The financing was led by Tiger Global Management with participation from existing investors Benchmark Capital, DAG Ventures, Greylock Partners, Index Read more…
Web and mobile security company Akamai is bolstering its workforce today with the appointment of a new Chief Information Officer. Starting today, Fari Ebrahimi (pictured) will take on the role, combined with the duties and title of Senior Vice President. Ebrahimi succeeds Kumud Kalia, who will remain with Akamai in an advisory role over the next Read more…
With more than $87 billion in assets, more than seven million members, and 300 branches, Navy Federal Credit Union is known as the largest credit union in the world. So it is a pretty big deal for the team at nCino to announce that NFCU has selected the North Carolina-based fintech’s Bank Operating System to Read more…
Software giant Infosys BPO teamed up with Tradeshift last month. The India-based company’s Business Process Outsourcing subsidiary will leverage Tradeshift’s cloud-based platform to enable clients to digitize their supply chain processes. John Sibley, Vice President of Global Alliances and Channels at Tradeshift, said that he looks forward to “combining Infosys’ deep domain and process expertise” with Tradeshift’s Read more…
Cyberfraud fighters in the MENA regions gained new allies this week. ACI Worldwide has announced that it will collaborate with HyperPay to offer integrated, real-time fraud prevention solutions for e-commerce payments for merchants in the Middle East and North Africa. The need for ever-more capable fraud fighting technology is a key factor in ensuring the growth Read more…
Identity verification innovator Jumio is teaming up with Santa Monica, California-based fintech Meed. The Finovate Best of Show winner will provide the Meed with ID verification, identity verification, and document verification services to accompany Meed’s suite of financial services. “Our innovative business model puts a premium on global coverage, KYC/AML compliance and a seamless customer Read more…
With bitcoin futures hitting the market this week, we should have guessed that the social trading innovators at eToro would find a way of further leveraging their unique approach to trading to the burgeoning bitcoin market. And so we were pleasantly not surprised to learn that eToro has partnered with cryptocurrency portfolio management specialist, CoinDash, Read more…
International remittance service Azimo has sped up money transfers in Nigeria. Just shy of a year after launching its service in the African country, the U.K.-based company announced last week it has enhanced that service. The revamped money transfers empower users to receive cash at all major Nigerian banks 24 hours per day, 7 days per Read more…
Bluefin Payment Systems announced this week that its PCI-validated, P2PE (point-to-point encryption) network, Decryptx, has expanded to more than 50 connected partners. The company says that it expects its roster of payment gateways, processors, and software platforms to grow to 60 by the end of the year. “We proved the value of the Decryptx platform Read more…
Courtesy of a new strategic partnership, European mobile wallet provider Cellum will provide its international money transfer services by way of TransferTo’s cross-border mobile payments network. “Cellum is always looking at ways to expand its portfolio with meaningful services that allow us to offer even more value to our partners,” Cellum CEO János Kóka said. “Our Read more…
Data analytics and insights company NICE announced a strategic partnership this week. The Israel-based company has teamed up with Brightstar India, a subdivision of Brightstar Global that manages mobile devices across the wireless ecosystem. The partnership will support the launch of NICE Uptivity, a workforce optimization solution for small-to-medium sized businesses (SMBs). Nice Uptivity offers tools Read more…